News Headlines Article

Hospital district taxpayers save $7M
Santa Maria Times

Thanks to a recent — and timely — refinancing, taxpayers in the Lompoc hospital district will save a total of more than $7 million on repayment of bonds that were used to build the new Lompoc Valley Medical Center.

The construction of the hospital, which opened in June 2010, was funded primarily through $74 million in general obligation bonds that were approved by an overwhelming 87 percent of voters in 2005.